Zurich Insurance Group Ltd FI Sells 992,003 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Zurich Insurance Group Ltd FI lowered its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,112,769 shares of the real estate investment trust's stock after selling 992,003 shares during the period. Zurich Insurance Group Ltd FI owned about 0.70% of Brixmor Property Group worth $58,819,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. US Bancorp DE grew its holdings in shares of Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock valued at $225,000 after purchasing an additional 405 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Brixmor Property Group by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust's stock worth $1,710,000 after acquiring an additional 434 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock worth $244,000 after acquiring an additional 441 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Brixmor Property Group by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 9,363 shares of the real estate investment trust's stock worth $261,000 after acquiring an additional 511 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 521 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BRX shares. Stifel Nicolaus cut their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday, February 11th. Scotiabank cut their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Mizuho cut their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. Finally, Wells Fargo & Company cut their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.40.

Brixmor Property Group Trading Down 1.0%

Shares of BRX opened at $26.31 on Tuesday. The firm's 50-day moving average price is $25.44 and its 200-day moving average price is $26.93. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.66 and a beta of 1.25. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. Brixmor Property Group Inc. has a 1-year low of $21.32 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The company had revenue of $337.51 million during the quarter, compared to analysts' expectations of $329.81 million. During the same period last year, the company posted $0.54 EPS. Brixmor Property Group's revenue was up 5.4% on a year-over-year basis. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.37%. Brixmor Property Group's dividend payout ratio (DPR) is currently 109.52%.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

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